MIRA INFORM REPORT
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Report No. : |
320607 |
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Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
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Name : |
M & M TWINS LIMITED |
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Registered Office : |
100 Dynamic Drive, Unit 18, Scarborough, Ontario M1V 5C4 |
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Country : |
Canada |
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Date of Incorporation : |
20.05.1983 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer, wholesaler, retailer of fine foods, including tea, rice,
canned fish, cheese, spices, |
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No. of Employee : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CANADA ECONOMIC OVERVIEW
As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its abundant natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-14 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela.
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Source
: CIA |
Company
name and address
M & M TWINS LIMITED
Address: 100 Dynamic Drive, Unit 18, Scarborough,
Ontario M1V 5C4
Canada
Telephone: +1
416-754-0558
Fax: +1 416-754-8541
Website: www.mmtwins.ca
Corporate ID#: 000551869
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 05-20-1983
Stock: -
Value: -
Name of manager: Mohan
Shantipriya PERERA
ACTIVITIES & OPERATIONS
Business:
The Company is importer, wholesaler, retailer of fine foods, including
tea, rice, canned fish, cheese, spices, and much more
Imports food from 10 different countries and over 300 items.
Suppliers include:
Serendib Foods (Pvt) Ltd.,
Hendela, Wattala, SRI LANKA
Staff: 10
Operations & branches:
At the headquarters, we
find a supermarket, warehouse and office, on lease.
SHAREHOLDERS
& MANAGERS
Shareholders:
This is a family owned and
managed company.
Management:
Mohan Shantipriya PERERA is
the President, Director and CEO
He is General Secretary of
the Canada Sri Lanka Business Council.
Chandrani Devika PERERA is
Director.
As far as we know, they are involved in other corporations, including:
M & M TWINS INTERNATIONAL LTD
Federal Corporation
Incorporated on 02-28-2012
ID# 8119384
GLOBAL BUSINESS NETWORK INC.
Incorporated in Ontario on 11-27-2002
ID# 001551224
FINANCIALS
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
CAD 5,000,000= verse CAD
4,000,000= in 013.
The business is profitable.
Banks: TD Canada Trust
…
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None